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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Category: Distribution Related...

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of the property/casualty (P/C) members of Erie Insurance Group (Erie). Additionally, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Erie Family Life Insurance Company (EFL). The outlook of these Credit Ratings (ratings) is stable.Erie Insurance Exchange is the lead company o...

LUXEMBOURG--(BUSINESS WIRE)--Eurofins Scientific SE (Paris:ERF) (EUFI.PA) has received various notifications of dealing from Persons Discharging Managerial Responsibilities (“PDMR”). The notification of Dealing Form for each PDMR can be found below. This notification is made in accordance with the European Market Abuse Regulation. NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM     1. Details of the p...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 47 classes of mortgage-backed notes from PMT Loan Trust 2026-CNF8 (PMTLT 2026-CNF8), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2026-CNF8 comprises 616 agency-eligible, conforming mortgage loans with an aggregate stated principal balance of approximately $306.9 million as of the September 1, 2026 cut-off date. The underlying...

SAN FRANCISCO--(BUSINESS WIRE)--The Federal Housing Administration (FHA) will accept mortgage collateral backed by the VantageScore 4.0 credit scoring model starting on January 1, 2027. Mortgages issued by the FHA account for nearly 20% of annual mortgages in the United States. The change reflects longstanding efforts to expand access to homeownership for creditworthy, working-class Americans, in line with the Federal Housing Finance Agency’s (FHFA) mandate to accept collateral using the more i...

HONG KONG--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of Samsung Fire & Marine Insurance Co., Ltd. (SFM) (South Korea) and its subsidiaries, Samsung Fire & Marine Insurance Company of Europe Limited (United Kingdom), Samsung Vina Insurance Co., Ltd. (Vietnam) and Samsung Reinsurance Pte. Ltd. (SRE) (Singapore). Concurrently, AM Best has affirmed the FSR of A- (Exce...

LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Rembrandt Insurance Company, Ltd. (Rembrandt) (Bermuda), a captive (re)insurer of Vitol Holding B.V. (Vitol), a group engaged in the trading of energy-related products. The outlook of these Credit Ratings (ratings) is stable.The ratings reflect Rembrandt’s balance sheet strength, which AM Best assesses as very strong, as well as its strong oper...

SALT LAKE CITY--(BUSINESS WIRE)--Pacific West, a premier rail and industrial infrastructure services company backed by Bluejay Capital, has acquired Coleman Industrial Construction...

LONDON--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Ethiopian Reinsurance S.C. (Ethio Re) (Ethiopia). The outlook of these Credit Ratings (ratings) is stable.The ratings reflect Ethio Re’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.Ethio Re’s balance sheet strength is underp...

HONG KONG--(BUSINESS WIRE)--AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of China BOCOM Insurance Company Limited (CBIC) (Hong Kong).The Credit Ratings (ratings) reflect CBIC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings...